Last December, over 100 stocks were featured in our Top Picks for 2007 report. Now, at mid-year, we turn to the 20 advisors whose picks showed the strongest gains to get an update on their previous picks, as well as a new favorite stock for the second half of the year.
Thomas Bishop, editor of BI Research, chose Taseko Mining Ltd. (ASE: TGB) as his favorite for 2007, which rose 44% as of 6/1/07. Please see his original recommendation and his current opinion on the stock.
NutraCea (OTC: NTRZ) is his new stock pick. The advisor explains, "Rice is the most consumed grain on the planet and is a primary food source for 70% of the world's population. However, 65% of its nutritional value is in the bran covering that is routinely stripped off. NutraCea offers a patent technology that preserves these nutrients.
"NutraCea had developed a technology that stabilizes rice bran into an FDA-certified edible product, leaving the nutritional value of the bran intact with a shelf life of one to three years. There is tremendous interest in this highly nutritional product, especially from humanitarian relief organizations, the nutraceutical industry, and both human and animal food companies.
"NutraCea's client roster has 187 customers, including the likes of General Mills, Pepperidge Farms, Con Agra, Archer Daniels Midland, and Purina. In addition, some 500 companies have signed nondisclosure agreements with NutraCea to test using its product in their products.To cut to the chase, NutraCea is facing demand that is expected to exceed its ability to supply it for years to come.
"On May 2, the company announced that Wesley Clark, who has run for president, was a commander of U.S. forces in South America, and graduated first in his class at West Point, will join NutraCea's board of directors. He's also the chairman of Rodman and Renshaw. His decision to join the board can only add additional credibility and awareness to the story.
"And while Q1 results were not up to expectations, it does appear that the miss was just timing issues. Sales that had been expected in the quarter were not booked until the second quarter, which will boost upcoming results.
"In short, things are moving along nicely. Whether the firm can handle all this expansion is probably the biggest concern here. The demand is certainly there. I am sticking with my $0.10 to $0.12 a share estimate for 2007. There is a lot to like here."
See all 20 stocks the advisors picked for the second half of 2007.
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Reader Comments (Page 1 of 1)
6-22-2007 @ 2:15PM
David R Fewings said...
I don't see Raser Technologies on the list of stocks. Now NTRZ is a promising stock with good things for the world, and I own some for sure. But, an even better prospect, although risk, is Raser Tech (RZ), a company with new technology in two fields, electric motors and geothermal power generation. Their management under Brent Cook (former CEO at Headwaters) is exceptional. I own a bunch of their stock.